PENDLE Don Jump 116% After HyperEVM Launch, Whale Risk Dey Loom
PENDLE jump 38% inside one week afta dey join wit HyperEVM via Ethena ENA launch and also put out $100 million capped sUSDe pools wey dey offer fixed yields of 8.8% plus LP yields of 378%. For daily chart, PENDLE break comot from one symmetrical wedge and clear $5 tough level, set one possible 116% rally target go $7.50. But if e no fit hold above $5, dis plan fit fail. Over 90% tokens don unlock and since August 11 release dey come, people fit start dey take profit sharply.
DeFi metrics dey support the rally: 35.7% supply don already stake after SEC talk clear, TVL don reach $8 billion (mostly for Ethereum), and monthly DEX volume don hit $5.15 billion. But one big whale move 900,000 PENDLE (~$4.65 million) go Binance, e fit cause sell pressure wahala. Even though HyperEVM integration, better yields and strong on-chain fundamentals favor more upside, the whale moves and token unlocks fit limit short-term gains.
Neutral
HyperEVM integration, clear technical breakout, strong staking and TVL growth support one bullish case for PENDLE’s potential 116% rally. History don show say protocol upgrades and yield innovations dey drive price spikes. But big whale deposits go Binance and one large token unlock date dey pose clear sell-pressure risks. Similar past events—where whales dump assets after technical breakout—don lead to sharp corrections, wey dey hold back upside. Balancing strong fundamentals against near profit-taking, the net effect be neutral outlook: upside fit happen but e no guaranteed.